NCSHA Develops Income Averaging Q & A

To assist our industry in understanding and implementing the new Income Averaging election, NCSHA has developed an Income Averaging Q&A with answers to frequently asked questions. The document was prepared with assistance from industry experts Tony Freedman of Holland and Knight and Mark Shelburne of Novogradac & Company plus input from some key State Agency staff. Also, as there was little clarity provided with the statute on certain income averaging aspects, NCSHA will request guidance from the IRS.

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Elizabeth L. MorelandNCP-E, SCS, HCCP, SHCM, FHC

My goal, quite simply, is to prevent people from feeling overwhelmed by the program rules and all of the responsibilities that come with managing a Housing Credit property like I was when I was in the field! It was so frustrating! So when I started Elizabeth Moreland Consulting, I vowed to make a difference and to help people become Compliance Confident!“

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Elizabeth is the affordable housing industry’s most sought after speaker, trainer and consultant due to her dynamic speaking style, concrete understanding of the various affordable housing programs’ rules and nuances, and sense of humor & style in delivering such information and advice. As the President of Elizabeth Moreland Consulting, Inc. and the Housing Credit Training Center, Elizabeth has taught thousands and thousands of industry professionals from across the country. Much of her expertise is garnered from her years in the trenches of property management working with all types of housing including Housing Credits, HUD Section 8, HOME, Bond, special needs, students and conventional. She has held practically every position in this field and has over 25 years of experience, so her advice and teachings are realistic and proven in the real world of affordable housing! Read More… about Who Is Elizabeth Moreland?